Finance News Archives | Page 16 Of 209

Cramer slams Amazon for considering a circular AI deal reminiscent of the dotcom bubble

Jim Cramer implores Amazon not to engage in “sham-like” circular AI deals that remind him of the kind of speculation that fueled the 1990s dotcom bubble that burst more than two decades ago. According to multiple reports on Wednesday, Amazon is in talks about a potential $10 billion investment in OpenAI in exchange for the […]

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Amazon says AI chief Rohit Prasad is leaving, Peter DeSantis to lead ‘AGI’ group

Finance News

Rohit Prasad, Senior VP & Head Scientist for Alexa, Amazon, on Centre Stage during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal. Ben McShane | Sportsfile | Getty Images Rohit Prasad, a top Amazon executive overseeing its artificial general intelligence unit, is leaving the company at the end of this

Amazon says AI chief Rohit Prasad is leaving, Peter DeSantis to lead ‘AGI’ group Read More »

Oracle stock dips 4% on report Blue Owl Capital won’t back billion data center

Oracle stock dips 4% on report Blue Owl Capital won’t back $10 billion data center

Finance News

The Oracle logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. Joan Cros | NurPhoto | Getty Images Oracle stocks dipped about 4% on Wednesday following a report that discussions with Blue Owl Capital on backing a $10 billion data center in Michigan had stalled, although the cloud company later

Oracle stock dips 4% on report Blue Owl Capital won’t back $10 billion data center Read More »

Unemployment rate rises, Tesla’s 2025 turnaround, Siri’s AI upgrade and more in Morning Squawk

Finance News

Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on Dec. 16, 2025. Charly Triballeau | Afp | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the

Unemployment rate rises, Tesla’s 2025 turnaround, Siri’s AI upgrade and more in Morning Squawk Read More »

CNBC Daily Open: Beauty is in the eye of the U.S. jobs report beholder

Finance News

Business representatives staff a table at a career fair in Harlem hosted by Assemblymember Jordan Wright on Dec. 10, 2025, in New York City. Spencer Platt | Getty Images The U.S. November jobs report has something for everybody. Those convinced of weakness will highlight the higher-than-expected unemployment rate as well as the number of jobs

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OpenAI in talks with Amazon about investment that could exceed billion

OpenAI in talks with Amazon about investment that could exceed $10 billion

Finance News

Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images OpenAI is in discussions with Amazon about a potential investment and an agreement to use its artificial intelligence chips, CNBC confirmed

OpenAI in talks with Amazon about investment that could exceed $10 billion Read More »

Shares of Chinese chipmaker MetaX soar over 500% in blockbuster Shanghai debut

Finance News

Narumon Bowonkitwanchai | Moment | Getty Images Shares of Chinese chipmaker MetaX Integrated Circuits soared more than 500% in their market debut in Shanghai on Wednesday, after the company raised nearly $600 million in its initial public offering. Shares, which were priced at 104.66 yuan in the IPO, surged to over 692 during its debut,

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Alphabet-owned Waymo in talks to raise billion in funding

Alphabet-owned Waymo in talks to raise $15 billion in funding

Finance News

Waymo co-CEOs (L-R): Tekedra Mawakana and Dmitri Dolgov Waymo Self-driving car company Waymo is in talks to raise $15 billion in funding in the new year. The robotaxi company plans to raise billions from Alphabet, its parent company, as well as outside investors at a valuation as high as $110 billion, according to a person

Alphabet-owned Waymo in talks to raise $15 billion in funding Read More »

California judge rules that Tesla engaged in deceptive marketing around Autopilot

Finance News

Tesla electric vehicles (EV) in front of the company’s store in Colma, California, US, on Monday, Nov. 10, 2025. David Paul Morris | Bloomberg | Getty Images A California administrative law judge recently ruled recently that Tesla’s marketing around its “Autopilot” and “Full Self-Driving” systems was deceptive and that the company should face a suspension

California judge rules that Tesla engaged in deceptive marketing around Autopilot Read More »

Hyperscaler AI spending could slow down if Oracle shows ‘discipline’

Finance News

CNBC’s Jim Cramer on Tuesday proposed that action from Oracle could slow down other hyperscalers’ enormous artificial intelligence spending, saying the OpenAI partner should show “discipline.” “Oracle already has a huge amount of debt. Their balance sheet’s not that good. At some point, they’ll heed the warning of the bond market and slow things down,”

Hyperscaler AI spending could slow down if Oracle shows ‘discipline’ Read More »

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